Economy
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BREAKING: US to make Lagos consulate world’s largest
The United States Consulate in Lagos will be the largest in the world when completed in 2027, Ambassador Mary Leonard has said. The groundbreaking of the consulate which is expected to cost $537million was done by Ambassador Leonard and Lagos State Governor, Babajide Sanwo-Olu at the Eko Atlantic City in Lagos on Thursday. According to Ambassador Leonard, the 10-storey consular…
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Majority of Nigeria’s taxpaying public outside tax net – FIRS chairman
Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, says majority of the taxpaying public in the country still find themselves out of the tax net. Nami said this remains the case despite the efforts of the 38 tax authorities in the country and the laws, taxes and levies to ensure people comply. The FIRS boss was speaking at…
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Haidi Sirika says Nigeria is right destination for airline business
Minister of State for Aviation, Haidi Sirika, says the population of Nigeria makes it a viable place for airline business. Sirika who was speaking at the World Government Summit (WGS) in Dubai on Tuesday, said the proposed new national career Nigeria Air will be run by private hands. He promised that the airline would run smoothly without any government interference.…
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How we lifted 22,000 people out of poverty-Abiodun
…declares 11th Gateway Trade Fair open By Kolawole Olayinka, Abeokuta Governor Dapo Abiodun of Ogun State says his administration has given economic empowerment to no fewer than 22,000 residents of the state. According to Abiodun, the Agricultural and Multipurpose Credit Agency (OSAMCA), has disbursed over N850million to beneficiaries across the state to further create employment opportunities and generate wealth for…
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Russia reliance: US LNG to supply EU with gas
The European Union and United States are set to unveil a deal on Friday to supply Europe with more US liquefied natural gas (LNG), sources told the Reuters news agency, as the European bloc seeks to quickly curb its reliance on Russian fossil fuels. The invasion of Ukraine by Russia, Europe’s top gas supplier, pushed already-high energy prices to records…
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Court orders publication of committal papers against AMCON boss over NICON assets
A Federal High Court sitting in Abuja has granted Barrister Jimoh Ibrahim’s enrollment order for publication of forms 48 and 49 and service of all other court’s processes lawfully issued in the committal proceedings in suit No.FHC/ABJ/CS/760/2021. Ibrahim had approached the court seeking to serve committal proceedings on the Managing Director/CEO of Asset Management Corporation of Nigeria (AMCON), Ahmed Lawal…
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CBN working to ensure Nigeria’s economy remains vibrant with diversified mix opportunities, says Emefiele
Central Bank of Nigeria (CBN), Governor, Mr. Godwin Emefiele has said despite the headwinds associated with the Covid-19 pandemic, the Bank has worked hard to ensure that Nigeria remains a vibrant economy with a diversified mix of opportunities across key sectors. He mentioned sectors such as Information Communication Technology (ICT), manufacturing, solid minerals, trade and agriculture, stressing that “notwithstanding these…
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Kwara gets N2.8bn FAAC allocation for March
By Mosunmola Ayobami, Kwara Kwara State government has received N2.8billion as federal allocation for the month of March, according to a statement from the Ministry of Finance. The is made up of statutory revenue allocation SRA (Gross) of N1.9billion; deductions (loans) of N1.2billion; SRA (Net) of N699.4million; Value Added Tax (VAT) of N1.6billion; excess bank charges of N33.3milliom and non-oil revenue…
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Investors’ renew interest in Conoil, Lafarge Africa, 14 others rebound equities market
Trading activities on the equities market of the Nigerian Exchange Limited (NGX) on Wednesday closed positive, halting the four consecutive bearish trends as the market gained N4 billion. The All Share Index (ASI) rose by 7.38 points or 0.02 per cent to close at 47,163.94 basis points while, investors gained N4 billion in value as market capitalisation went up to…
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Despite Court order, Sirika, Yadudu, others allegedly move to award illegal contract to allies
The duo Minister of Aviation Sen. Hadi Sirika, and the Managing Director of Federal Airport Authority of Nigeria (FAAN) Captain Rabiu Yadudu, had moved to give effect to the invalid, illegal contracts to their political associates and business partners in flagrant abuse of court order report said. According to our source, who noted that effort are been galvanized underground by …
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